Is Michigamme, MI 49861 a buyer’s or seller’s market?
Michigamme is a buyer’s market. With about 10.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply10.1Under 4 months = seller’s market
Sold above original list16.7%Share of sales, last 3 months
Median sale-to-list96.2%Sold price ÷ list price
Median days on market60Listing to accepted offer
Median price per sq ft$275▼ −10.1% vs. last year
Run the numbers for 49861
Nearby markets
Baraga 49908Buyer’s market $126 /sq ftCovington 49919Seller’s market $297 /sq ftLanse 49946Buyer’s market $206 /sq ftSkanee 49962Buyer’s market $235 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology